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Complaint Details
Pending

Motilal oswals limited

Posted byvamseekrishna 
Organization / Product Details
Organization Name
Motilal oswals limited
Organization e-Mailv_vamseekrishna@yahoo.com 
Product/Service Description
Warranty Status
Complaint Details
Reason for ComplaintReliability 
Complaint Rating7(in a scale of 1 to 10)
Name of the Company EmployeeMotilal oswals 
Complaint Details

I sold some shares in my account, but because some reasons(mis gudience from broker also) i am unable to give delivery instructions to my DP.
And it went for AUCTION, wich generally happens, but after it went for AUCTION, my broker is showing me more than the buying price (5% above buying price in the auction) showing the AUCTION slip. And when i approached my broker he told me that there is some mistake in his books and he wants to check with his head office and he told that he will inform me afterwards, but yesterday they send me a letter showing that i have to pay them some amount after adding that 5% extra also.
When i contacted my broker he asked me to pay everything (including 5%), and afterwards he will solve the matter it seems, which looks rediculus to listen also. isnt it. 

Solution of your complaintBroker has to first know the rules and regulations, and if he dont know, when some body told him, he has to listen to them. Here he has to contact his head office immediately and solve the matter easily. 
ActionI am directly going to write this to their head office and going to ask to solve this matter. 
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